There have been rumors stirring in the industry that we’ll be seeing new consoles from Microsoft and Sony much sooner than we expected and those can now all finally be put out of their misery behind the old barn. That’s not to say they’re not working on new consoles, we just won’t be seeing them this year.

“We’re in an industry that talks a lot, that likes to tell stories. I am not convinced things will happen this year. Xbox 360′s cycle is not at all finished. The proof is that we don’t see the logic in cutting the price this year. E3 is still premature. What’s certain is that there’ll be nothing new in 2012.”

I’m definitely OK with this. What’s the rush in getting the system out so soon anyways? There are still dozens of great games coming out this year and you should still be playing Skyrim. Why would you want to be distracted?

Over at Sony France, it’s more of less the same situation. IGN reports that in an interview Sony France’s CEO Philippe states that the company is in no rush to reveal it’s plans for the PlayStation 4.

“The Wii is under time pressure because it’s in decline,” Cardon told French site Lepoint.fr. “As far as we’re concerned, we’re under a lot less pressure. We were the last to release the PS3. We will probably be the last to announce something.”

Both console cycles are still going so strong that it makes sense for them to wait on releasing any information about them. I’d personally be fine with the Sony and Microsoft consoles for another five years.